Fuck with Count Vikula at your own risk. Read more »
The master of ceremonies made a mistake as he named John Thain one of the year’s finest dads, introducing him as the chief executive officer of Citigroup. “Vikram Pandit will be very unhappy,” Thain said, accepting an award from Father’s Day/Mother’s Day Council Inc. on June 14. “I’m actually the CEO of CIT, which is similar, but not quite the same.”…host Mark Shriver apologized for bungling his introduction of Thain, 57, a former Goldman Sachs president who has been CEO of CIT Group Inc. since February 2010. “I thought it was a misspelling,” said Shriver, senior vice president of nonprofit Save the Children. “It said CIT — I’m like, this has got to be Citi.” [Bloomberg, related]
If you didn’t know Chief Executive Officer Vikram Pandit, you might think he enjoyed not being compensated for the work he does at Citigroup because for quite some time, he wasn’t. And although the “I will only get paid $1/year until Citi turns a profit” exercise was fun for a while, he was pretty happy when the old jalopy started making money again, in part because it meant he could receive a paycheck. Then last April, his shareholders rejected the bank’s executive pay plan, claiming the Big C “lets Chief Executive Officer Vikram Pandit collect millions of dollars in rewards too easily.” And while it’s possible that Citi shareholders are just a bunch of pricks who chose to overlook the fact that Uncle Vikula didn’t collect squat for several years and once had an entire article written about the fact that lieutenants attributed a “new bounce in his step” to him daydreaming “the day when he is going to earn more than a $1 a year,” maybe they just assume that he doesn’t care about getting paid either way? Anyway, here’s Vickles, setting the record straight (and reminding anyone who forgot about the sacrifices he’s made): Read more »
Remember Debrahlee Lorenzana? For those with short memories, two years ago, Lorenzana sued Citibank for firing her for allegedly being “too hot,” a claim representatives of the bank denied several times, while also calling her an attention whore. After the initial hoopla, interest in Lorenzana, who once appeared on a TV show discussing her reasons for having her breasts enlarged (she wanted to look like “tits on a stick” in order to attract a “professional, well-educated man”) died down and many likely forgot about the story of T’s on an S versus Citi. In a Daily News article today, though, Debs said that she passed on a settlement wanting instead to “press on.” While it’s not clear that anyone reading the piece took it to mean Lorenzana had in fact received damages for her hotness, Citi was not having it. Lest there be any confusion about whether or not she extracted jack from Vikram et al, the bank needs the world to know the following: Read more »
Lorenzana, a buxom beauty who was axed from her job at Citigroup in 2010, said she fought the bank by herself in arbitration after lawyer Gloria Allred dropped her as a client. “If I could turn back time, I would have not chosen Gloria Allred as my lawyer,” she said. The 35-year-old knockout sued her former employer for allegedly canning her over her killer curves. Lorenzana said she sympathizes with Lauren Odes, the latest pink-slipped stunner to retain Allred. Odes says that her employer tried to get her to “tape her breasts down” and wear a bathrobe at work because her outfits showed too much skin. “Nobody should be fired because of their physical appearance,” Lorenzana said. “I feel sorry for the girl.” But Odes could be in for a rude awakening, Lorenzana said, charging that Allred worked her case more like a photo-op than a lawsuit — a charge the big-name attorney disputed. “The only times I saw her (Allred) was when the media was there,” she said. Lorenzana said that Allred dumped her after the celebrity lawyer pushed for a settlement, but she wanted to press on. [NYDN, earlier]
Meredith Whitney is a banking analyst made famous by downgrading Citigroup in late October 2007, saying that the bank was facing a $30 billion capital shortfall and later telling the press “Citigroup is in such a mess Stephen Hawking couldn’t turn this company around.” In the years since she’s had less than flattering things to say about the firm and as recently as March 14, 2012, told CNBC that Citi “has no earnings power, isn’t going to grow, hasn’t been investable in four years” and “is like an old broken-down Victorian house.” (In the same interview, she told Maria Bartiromo that the only way she’d change her mind about the big C would be if she received “a new brain.”) So it probably surprised a few people when, earlier this month, she upgraded the bank. But please, do not get the mistaken impression that she’s suddenly in love with the place or has developed any feelings for it whatsoever. Fact of the matter is, the mere thought of the place still sickens her. Read more »
Bloomberg reports that Uncle Vik has put his 6-bedroom, 6-bath Greenwich, CT weekend house on the market and while experts are skeptical he’ll get the $4.3 million asking price, perhaps someone will consider throwing him a bone. Citi shareholders have screwed him yet again and he could use the cash. No zen garden to speak of (cruel world) but there are “rolling grounds” and a lagoon-like pool. Make him an offer.